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Home > Yet Another Value Podcast > Josh Young journeys through the energy sector
Podcast: Yet Another Value Podcast
Episode:

Josh Young journeys through the energy sector
Category: Business
Duration: 01:14:44
Publish Date: 2022-01-27 13:00:00
Description:

Josh Young, CIO of Bison Investments, discusses his thoughts on the oil market and why he thinks energy prices are going much higher. Then he dives into his thesis for Journey Energy (JOY CN in Canada), a micro cap Canadian company that he thinks is dramatically undervalued.

You can find all my writings here: https://yetanothervalueblog.substack.com/
Josh's Twitter: https://twitter.com/Josh_Young_1

Chapters
0:00 Intro
1:45 How Josh is thinking about the oil market today
6:30 When do you know oil is high enough?
10:25 Why aren't we seeing a big capex / opex ramp up from oil companies?
15:45 OPEC's lack of incremental capacity
19:35 Is calling for higher oil Big Short 2.0?
24:50 Why the oil market today is not the oil market from 2014
28:50 Small technical difficulty!
31:10 Why $100+ oil won't sap demand
34:30 What do energy specialists look for that generalists miss?
37:15 Do generalists lean towards worse assets than specialists?
40:00 Journey Energy overview
45:20 Breaking down Journey's SOTP
48:15 Journey's growth and decline profile
50:00 How are Journey's base assets positioned?
53:30 What oil and gas price is baked into Journey currently?
54:10 Journey's power plant initiative
57:20 What type of power is Journey's power plant?
58:50 Journey's Asset Retirement Obligations
1:06:35 Closing thoughts on Journey
Total Play: 0